Publications | Economic Analysis and Policy Division

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14 May 2020

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14 May 2020

UN/DESA Policy Brief #72: COVID-19 and sovereign debt

Introduction Without aggressive policy action, the COVID-19 pandemic could turn into a protracted debt crisis for many developing countries. Debt risks in developing countries were already high prior to the pandemic. These risks are now materializing. High debt servicing hamstrings developing countries? immediate response to COVID-19 and rule out needed investment in the United Nations Sustainable Development Goals (SDGs). A debt crisis would dramatically set back sustainable development. The global community has responded. Partial debt service suspensions were offered to 76 low-income developing countries eligible to the World Bank?s International Development Association (IDA) ? which… UN/DESA Policy Brief #72: COVID-19 and sovereign debt

14 May 2020

UN/DESA Policy Brief #71: COVID-19 pandemic deals a huge blow to the manufacturing exports from LDCs

The COVID-19 pandemic is yet to directly hit the least developed countries (LDCs), although most are already experiencing severe economic pain amid shutdowns, falling commodity prices and declining exports. LDCs are, on average, highly dependent on commodities. Oil, minerals, food and other commodities account for more than 70 per cent of their merchandise exports. High dependence on commodities exports make most LDCs extremely vulnerable to global shocks, and many are bracing for a severe economic downturn this year. However, the impact of the COVID-19 pandemic will be equally devastating for LDCs that do not rely on commodities as a main source of foreign exchange. Only six LDCs?… UN/DESA Policy Brief #71: COVID-19 pandemic deals a huge blow to the manufacturing exports from LDCs

13 May 2020

World Economic Situation and Prospects as of mid-2020

Against the backdrop of a raging and devastating pandemic, the world economy is projected to shrink by 3.2 per cent in 2020. Under the baseline scenario, GDP growth in developed countries will plunge to ?5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent. The projected cumulative output losses during 2020 and 2021?nearly $8.5 trillion?will wipe out nearly all output gains of the previous four years. The pandemic has unleashed a health and economic crisis unprecedented in scope and magnitude. Lockdowns and the closing of national borders enforced by governments have paralyzed economic activities across the board, laying off millions of workers worldwide.… World Economic Situation and Prospects as of mid-2020

08 May 2020

UN/DESA Policy Brief #70: The Impact of COVID-19 on Indigenous Peoples

Indigenous peoples in many regions have a long history of devastation from epidemics brought by colonizers, from the arrival of the first Europeans in the Americas who brought smallpox and influenza to a measles outbreak among the Yanonami of Brazil and Southern Venezuela in the 1950s/60s that nearly decimated the tribe (Pringle, 2015). COVID-19 presents a new threat to the health and survival of indigenous peoples. Indigenous peoples in nearly all countries fall into the most ?vulnerable? health category. They have significantly higher rates of communicable and non-communicable diseases than their non-indigenous counterparts, high mortality rates and lower life expectancies. Contributing… UN/DESA Policy Brief #70: The Impact of COVID-19 on Indigenous Peoples

06 May 2020

UN/DESA Policy Brief #69: Leaving no one behind: the COVID-19 crisis through the disability and gender lens

Persons with disabilities?both visible and invisible?face obstacles and discrimination in accessing health care and other essential services, social protection and income security, mental health services, and communication technologies. In addition, women and girls with disabilities are subject to intersecting forms of discrimination related to sexual and reproductive health, gender-based violence, legal protection, unpaid care and domestic work. Women and girls with disabilities who are migrants, refugees, or from ethnic minorities endure even more hardships and unequal treatment. Gender, disability and structural inequalities, which characterized societies before the crisis, are being… UN/DESA Policy Brief #69: Leaving no one behind: the COVID-19 crisis through the disability and gender lens

06 May 2020

UN/DESA Policy Brief #68: COVID-19 and Older Persons: A Defining Moment?for an Informed, Inclusive and Targeted Response

As the world grapples with an unparalleled health crisis, older persons have become one of its more visible victims. The pandemic spreads among persons of all ages and conditions, yet available evidence indicates that older persons and those with underlying medical conditions are at a higher risk of serious illness and death from the COVID-19 disease. Often, chronic health conditions are more prevalent in old age; increasing risks for older adults. The World Health Organization has reported that over 95 per cent of fatalities due to COVID-19 in Europe have been persons aged 60 years or older. Several sources suggest that as data from fatalities in nursing homes become available, the death… UN/DESA Policy Brief #68: COVID-19 and Older Persons: A Defining Moment?for an Informed, Inclusive and Targeted Response

05 May 2020

UN/DESA Policy Brief #67: Protecting and mobilizing youth in COVID-19 responses

Socioeconomic impacts Prior to the onset of COVID-19, youth (aged 15 to 24) were already three times more likely to be unemployed compared to adults, while 126 million young workers were in extreme and moderate poverty worldwide (International Labour Organization, 2020). Young workers are also more likely to be in precarious employment than other age groups. Whereas some 77 per cent of youth are estimated to be informally employed globally, this percentage is even higher for young women in low and lower-middle-income countries (International Labour Organization, 2018). The increase in unemployment as a result of COVID-19 is expected to exceed the rise in rates of unemployment in the… UN/DESA Policy Brief #67: Protecting and mobilizing youth in COVID-19 responses

01 May 2020

2020 Monitoring Reports

Angola Bhutan Equatorial Guinea São Tomé and Príncipe Solomon Islands Vanuatu

01 May 2020

UN/DESA Policy Brief #66: COVID-19 and the least developed countries

Covid-19 threatens to undo progress achieved towards sustainable development by the least developed countries (LDCs)?over recent decades. Even before the current crisis, LDCs were unlikely to achieve the SDGs, which emphasizes as a core principle ?leaving no one behind?, including the most marginalized countries. Any further obstacles mean the 2030 Agenda for Sustainable Development will almost certainly be missed without far-reaching policy responses. This Policy Brief reviews some of the main health, social and economic impacts of Covid-19 on LDCs and makes a series of policy recommendations. Underdeveloped health systems As of 28 April 2020, the World Health Organization reported 16,469… UN/DESA Policy Brief #66: COVID-19 and the least developed countries